February 10, 2026 President Bola Tinubu has appointed Hon. Magaji Da’u Aliyu as the Managing Director of the Sheda Science and Technology Complex, Abuja. The Sheda Science and Technology Complex (SHESTCO) is responsible for conducting research and development in technology and for operating a nuclear research facility. President Tinubu also appointed Engr. Adesayo Olusegun Michael […]Read More
February 2, 2026 Determined to speed up the oil and gas industry contracting processes, weed out firms lacking technical capacity to perform and reduce Nigeria’s cost of production, the Nigerian ContentDevelopment and Monitoring Board has issued the “NCEC Application Guidance Notes”, with effect from December 2025. The document which is available on the Board’s website […]Read More
Nigeria Stands Ready With Africa, Global Partners To Deliver Secure, Affordable, Cleaner Energy Says energy remains central to peace, prosperity, global stability, unity among communities. February 4, 2026 President Bola Ahmed Tinubu has restated Nigeria’s readiness to collaborate with African nations, global partners and the private sector to deliver cleaner, affordable, inclusive, and more secure […]Read More
February 04, 2026 Crude oil inventories in the United States decreased by 3.5 million barrels during the week ending January 30, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 420.3 million barrels according to government data, which is 4% below the five-year average […]Read More
February 03, 2026 Equatorial Guinea has signed a Heads of Agreement with Chevron to finance a major expansion of state participation in the Aseng Gas Project, marking a strategic step in the country’s broader gas monetization strategy. Under the agreement, national oil company GEPetrol will increase its stake in the Chevron-operated Aseng project in Block […]Read More
February 03, 2026 The global power sector is at a turning point in 2026. Electricity demand growth continues to accelerate, driven by an electrification push across all sectors and booming demand from data centers and transportation. At the same time, renewable energy capacity growth is decelerating due to regulatory hurdles and saturation in some markets, […]Read More
The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has disclosed that over 180 trillion cubic feet of discovered natural gas across Africa remains unsanctioned for development, largely due to fragmented markets and unaligned fiscal and regulatory regimes. Eyesan, who spoke at the Nigerian International Energy Summit (NIES), held […]Read More
February 1, 2026 Sahara Group, a leading energy and infrastructure conglomerate, will promote energy security, collaboration, and innovation tailored to Africa at the 9th Nigeria International Energy Summit (NIES) 2026, scheduled for February 2–5 in Abuja. The Summit brings together global leaders and policymakers under the theme “Energy for Peace and Prosperity: Securing Our Shared […]Read More
January 30, 2026 The OPEC+ group is expected to maintain its oil production policy unchanged this weekend and affirm a pause in output hikes in March even as Brent Crude prices hit $70 per barrel this week for the first time in five months, delegates from the alliance told Reuters on Friday. The OPEC+ group […]Read More
January 30, 2026 Venezuelan legislators have voted for an updated oil industry law that the country’s leadership hopes will bring in much-needed foreign investment to reverse a decline resulting from mismanagement and U.S. sanctions. Acting President Delcy Rodriguez signed the new law late on Thursday, the AP reported, hours after the parliament voted in favor […]Read More
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